3 Current YE 08 int a December SI Assets Cash Accounts receivable, net Morchandise Inventory Prepaid expendes plant assets, net Total assets Liabilities and Equity Accounts payable Long term notes payable secured by mortgages on plant asset Common stock, $10 par value Retained earnings Total liabilities and equity $ 32,714 94,816 110,044 10, 432 207,600 $ 543,606 1 YE Ago Yes Aigo 538,240 539.459 63.639 54,206 88.430 57.741 9,644 4.517 268,673 246,677 $ 468,626 5.402,600 eBook Print $ 134,004 $ 79,990 553, 675 References 99.132 163,500 146,970 $ 543, 606 108.862 59,364 163,500 163,500 116,274 95,561 $.468, 626 $402,600 1. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 2. Assuming annual sales have not changed in the last three years. Is the change in accounts receivable as a percentage of total assets favorable or unfavorable? 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Express the balance sheets in common size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place) here to search O 11 2 G Reg 1 Req 2 and 3 Express the balance sheets in common-size percents. (Do not round Intermediate calculations and round your final percentage answers to 1 decimal place.) SIMON COMPANY Common-Size Comparative Balance Sheets December 31 Current Year 1 Year Ago 2 Years Ago ok Assets nces % % % % Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par Retained earnings Total liabilities and equity S % Red Reg 2 and 3 > O C ere to search asses Idul de Oruvolante 3. Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? 138 points Complete this question by entering your answers in the tabs below. Req 1 Reg 2 and 3 eBook Print References Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable? Assuming annual sales have not changed in the last three years, is the change in merchandise inventory as a percentage of total assets favorable or unfavorable? Show less Change in accounts receivable 3. Change in merchandise inventory O Type here to search